Investors are quietly buying Dogecoin (Dogecoin), which may mark the beginning of a new accumulation phase that could drive the price to high levels by the end of summer. According to a recent post on platform X by analyst Crypto Man MAB, a clear double bottom pattern is forming on the weekly price chart of Dogecoin (Dogecoin), a pattern that often paves the way for strong reversals in direction, which could be a precursor to a significant price breakout.
This pattern is often seen as an indicator of a price movement reversal towards the upside, capturing the attention of traders who are waiting for clear confirmation signals. The current technical outlook suggests that the price of Dogecoin (Dogecoin) may be on the verge of an important move if it coincides with bullish momentum.